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The Fed on "Possible Macroeconomic Effects of a Temporary Federal Debt Default"

Calculated Risk

Although other countries have defaulted on their sovereign debt, these defaults occurred in situations where the government could not feasibly continue to service its debt. federal debt ceiling, in contrast, would be a voluntary decision to stop meeting the government’s obligations even though it has no problems doing so. . •

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At the Money: Is War Good for Markets?

The Big Picture

Full transcript below. ~~~ Previously : Hirsch’s WTF Forecast: Dow 38,820 (September 28, 2010) Super Boom: Why the Dow Jones Will Hit 38,820 and How You Can Profit From It (April 12, 2011) ~~~ Jeffrey Hirsch is editor of the Stock Trader’s Almanac & Almanac Investor Newsletter. It’s government spending period.

Marketing 317
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Question #1 for 2023: How much will the economy grow in 2023? Will there be a recession in 2023?

Calculated Risk

In addition, the Congress is threatening to shut down the government in October and - more worrisome - default on the US debt. The FOMC is forecasting an employment recession, and many Wall Street analysts are forecasting an economic recession in 2023. BofA is forecasting GDP will contract 0.3% 2008 0.1% -2.5% 2009 -2.6% 2020 -2.8% -1.5%

Economy 278
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Government Debt and Stock Returns

ClearMoney

Exhibit 1 shows that roughly half the Organization of Economic Co-operation and Development (OECD) member countries have general government debt-to-gross domestic product2 (debt/GDP) ratios above 70%, with 10 countries—including the US, Japan, and the United Kingdom (UK)—exceeding 100%. Turning to the Data.

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Secretary Yellen to Speaker McCarthy: "unable to continue to satisfy all of the government’s obligations by early June"

Calculated Risk

From Treasury Secretary Janet Yellen to Speaker McCarthy : "After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government's obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time."

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Defense stock down 7% after US enforced sanctions for having Russian links; Company responds

Trade Brains

Additionally, the Treasury claimed Lokesh had been exporting machines to Russia since 2011 through various distributors. Indian Government’s Stance The Ministry of External Affairs (MEA) has stepped forward to support the sanctioned companies.

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9 Countries That Have Changed Their Names in the Last 100 Years

Trade Brains

Siam to Thailand For centuries, Thailand was known as Siam, which was renamed in 1939 under the Phibun government. Finally, in 2011, Sri Lanka officially wiped the old colonial name Ceylon from companies and official bodies that still used the old name. This new name emphasises the return to a democratic system of governance.